A2 Milk's ASX-listed shares hit 1-month high on M&A chatter

A2 Milk

17/08/2021 01:55

** ASX-listed shares of New Zealand dairy producer a2 Milk
 ATM.AX  up sharply for second straight session, hit highest
level since July 15
    ** Stock rises as much as 6.7% to A$7.13, following its best
day in over 1-1/2 years on Monday, after a report that co is a
potential takeover target  urn:newsml:reuters.com:*:nL4N2PN1E1
    ** Report suggests potential suitors may include Nestle
 NESN.S 
    ** A2's NZ-listed shares rises about 1% after surging more
than 11% in the previous session
    ** Up to Monday's close, co's Aussie shares down >40% this
year

 (Reporting by Shashwat Awasthi)
 ((Shashwat.Awasthi@tr.com
mailto:Shashwat.Awasthi@thomsonreuters.com))